1224 Oak AveClovisCA93611
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Clovis at 1224 Oak Ave, Clovis, CA, 93611 uses $215,462 cash to close to unlock $631/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $4,193/mo, and a $3,205/mo payment keeps the spread at $53/mo. Purchase price stands at $654,900, and rental yield measures 7.68% with $4,193/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $180,937 over five years. Five-year ROI reaches 105.38% and total cumulative return in cash records $227,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,193/mo property income covering a $3,205/mo payment rather than investor’s personal income.
Single Family
Built in 1993
7,487 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93611, Clovis, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,356 (100%) |
| Owner Occupied HU | 12,002 (69.2%) |
| Renter Occupied HU | 4,661 (26.9%) |
| Vacant Housing Units | 693 ( 4.0%) |
| Median Home Value | $477,221 |
| Average Home Value | $523,157 |
Housing Distribution
Address Breakdown
Residential
17,081
Single Family
16,155
Multi-Family
926
Businesses
949
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Listed by: Bryan D. Souza • eXp Realty of California, Inc.
Mls Name: Fresno MLS
Mls ID: #632624